The metaverse music platform RELICS has completed a $1.1 million financing round, co-led by Coop Records and PTC Crypto

Chain Catcher news, the metaverse music platform RELICS has completed a $1.1 million financing round, led by Coop Records and PTC Crypto, with participation from LongHash Ventures, NOISE, DegenDaVinci, DAO Jones, 2PunksCapital, MarkyMetaverse, and others.

It is reported that RELICS was launched by the Canadian independent electronic music record label Monstercat, aiming to educate and guide traditional music enthusiasts into the metaverse. The funds raised will be used to expand the team to 7 full-time employees, enhance the core development team, redevelop the brand, further develop the dynamic rarity system, and establish a more comprehensive licensed music and art catalog. (Source link)